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Baru Gold Corp V.BARU

Alternate Symbol(s):  BARUF

Baru Gold Corp. is a Canada-based junior gold developer with NI 43-101 gold resources in Indonesia. The Company is focused on developing and producing precious metals projects in Indonesia. The Company’s focus is on developing precious metals projects with significant resource upside potential and near-term production capabilities. The Company’s Sangihe Gold project mineral tenement consists of one block covering the southern half of Sangihe Island, located between the northern tip of Sulawesi Island (Indonesia) and the southern tip of Mindanao (Philippines). The Sangihe Project covers 42,000ha; this includes the Bawone, Binebase prospects on the eastern part of the island and Taware prospect in the south-central region with infrastructure in place. The Company has a 70% interest in the Sangihe project.


TSXV:BARU - Post by User

Bullboard Posts
Post by 3baron Apr 28, 2011 1:51pm
320 Views
Post# 18501833

chris the forestry issue is a non issue .

chris the forestry issue is a non issue .This is from people who work in the minning industry who post occasionally . Jennings Capital of Toronto who wrote a research Report on EAS said the same thing . As does John Ing CEO of Maison Placement of Toronto who is a geologist as well as the head of the co.  There are others who are invested in the co who  will tell you the same thing .

The Forestry Issue got started last summer by Cannacord of Toronto and picked up on by a junior reporter on the Northern Miner a Canadian junior miner news paper . EAS asked the Northern Miner for an retactment and an apology over their article and got it . Cannacord was cleaver enough to use inuendo in an article later but it still had the desired effect , caused some who were nervous to sell .

The Forestry Issue in all countries now is a sensitive one . Indonesia is for the most part mining friendly realizing that jobs , taxes , roads, schools ect provided by modern miners can be a good thing . It will take time for investors to learn the issue was false in the first place but one that if went wrong could cause problems for the co. and all investors .

It has for some provided an excellent risk reward situation where the value of a thing is not reconized in its price .  For others it means wait until all is well even if the price is 5 $ more per share .

Bullboard Posts

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